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Market Update

UK Stocks Down; RBS, Centrica, GKN Up

Mayank Mehta
25 Feb, 2010
New York City

British American Tobacco profit growth slows. Centrica signs agreement to acquire equity interests in Trinidadian gas blocks, establishing first producing LNG position. Capita Group Plc net income rises 14%. Gammon awarded

California Pizza Q4 Earnings Call Transcript

123jump.com Staff
28 Feb, 2010
New York City

The casual dining restaurant chain reported quarterly revenue increased 3.8% to $167.8 million but full service comparable restaurant sales fell 5.8%. Net quarterly loss widened 86% to $9.9 million. The company lost 41 cents a share compared to a loss of 22 cents a share a year-ago quarter.

United Online Q4 Earnings Call Transcript

123jump.com Staff
25 Feb, 2010
New York City

The Internet holding company reported quarterly revenue decreased 3% to $249.5 million. Net income generated in the quarter was $16.5 million. The company gained 19 cents a share compared to a loss of $1.68 a share the prior-year quarter.

Coca-Cola Enterprises Rises; GameStop Plunges

Mayank Mehta
25 Feb, 2010
New York City

Coca-Cola Enterprises Inc led gainers in the S&P 500 index with a rise of 34%. GameStop drops 8% after chief financial officer resigns to join international arm of Wal-Mart Stores. True Religion and MetroPCS report earnings ahead of expectations.

Coca-Cola Buys N. American Bottling Operations

123jump.com Staff
25 Feb, 2010
New York City

Coca-Cola Company agreed to acquire North American bottling operations from Coca-Cola Enterprises Inc. CCE shareholders will receive $10 in cash and one share in a new entity with the European bottling operations only. Coca-Cola

S&P 500 Index Drops 1%; Weak Durable Orders

123jump.com Staff
25 Feb, 2010
New York City

U.S. stocks trade lower after durable goods orders declined in January excluding transportations orders. Weekly jobless claims increased 22,000 and insured unemployment rate was unchanged at 3.5%.

U.S. Indexes Close Higher on Bernanke Stance

123jump.com Staff
24 Feb, 2010
New York City

Stocks bounced around but closed higher after Fed Chairman Bernanke said rates are likely to remain for a long time. New Home sales in January plunged to the lowest since record keeping began in 1963 and declined 6.5% from a year ago. Akio Toyoda aplogized to U.S. lawmakers for quality problems.

HK GDP Shrank 2.7%; Luxury Home Tax Up

Mayank Mehta
24 Feb, 2010
New York City

Hong Kong fourth quarter GDP increased 2.3% and for 2009 shrank 2.7% on 12.6% decline in exports. Hong Kong increased stamp duty on luxury homes. Cathay Pacific and Air China negotiate air cargo venture. U.S. impose 12% duty on Chinese steel pipes covering $382 billion of imports.

UK Indexes Higher; Carnival, BlueBay Rally

123jump.com Staff
24 Feb, 2010
New York City

UK indexes closed higher. Royal Bank of Scotland plans to award

Europe: Accor, Fresenius Rhodia Rise

Mayank Mehta
24 Feb, 2010
New York City

European markets closed higher on stronger than expected earnings from Rhodia, Fresenius and Vallourec. Industrial new orders in December increased, surprising most economists. French jobless rolls increased to 2.66 million.

H&R Block, Garmin Plunge; Bowne Soars

Mayank Mehta
24 Feb, 2010
New York City

H&R Block, Inc plunged 15% after the company said it will not meet its 2010 estimates. Bowne & Co. soared 60% after it agreed to be acquired by Donnelley & Sons Co. Dolan Media Co sees revenue above estimates. Eaton Vance profit jumps 87%.

Nikkei in Tokyo Drops 1.5%, Exports Surge

Mayank Mehta
24 Feb, 2010
New York City

Japan exports in January surged 40.9% and recorded a trade surplus of 85.2 billion yen defying the expectations of deficit. Exports to Asia increased 68%. Showa Shell Sekiyu K.K led the decliners in the Nikkei 225 Stock Average with a loss of 9.8%.

Indian Railways Increase Capex; Stocks Fall

Mayank Mehta
24 Feb, 2010
New York City

Indian Railways proposed a capital spending to increase 2.7% in the next fiscal year. Freight handled is expected to increased 6% and passenger revenues to increase 7%. The railways proposed to pay dividend of $1.2 billion to the central government.

Australian Index Declines 1.5%; Suncorp Plunges

Darlington Musarurwa
24 Feb, 2010
New York City

Australian benchmark index declined on weak commodities prices. The Australian dollar gained 0.2%. Total construction work hours increased 2.6% in the three months to December. Suncorp-Metway dropped 6.4% after it trimmed its dividend. Woodside 2009 profit increased 2.1%.

Daimler AG Q4 Earnings Call Transcript

123jump.com Staff
24 Feb, 2010
New York City

Daimler fourth quarter revenue dropped 8.2% to 21.32 billion euros with a net loss of 352 million euros in the fourth quarter as against loss of 1.52 billion euros a year ago. Share prices dropped 6% and the company said it will not pay dividend this year.